E-commerce (electronic commerce or EC) is the purchasing and selling of merchandise and services, or the transmitting of assets or information, over an electronic network, principally the Internet. These business exchanges happen either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably. The term e-tail is additionally sometimes used in reference to value-based processes around online retail.
The benefits of online shop in BD
√ Utilizing E-Commerce or online shop, association can expand their market to national and international markets with least capital investment. An association can easily locate more customers, best suppliers and suitable business partners over the globe.
√ E-Commerce helps association to reduce the expense to create process, distribute, retrieve and manage the paper based data by digitizing the data.
√ E-commerce improves the brand image of the organization.
√ E-commerce helps association to provide better customer services.
√ E-Commerce helps to streamline the business processes and make them faster and efficient.
√ E-Commerce reduces paper work a considerable measure.
E-Commerce increased the profitability of the association. It underpins "pull" type supply management. In "force" type supply management, a business process begins when a request comes from a customer and it uses in the nick of time assembling way.
Vendbd, the online shopping in bd ensures all the facility of a standard ecommerce site.
Advantages to Customers
√ 24x7 backing. Customer can do exchanges for the item or enquiry about any item/services provided by an organization at whatever time, anyplace from any area. Here 24x7 refers to 24 hours of each seven days of a week.
√ E-Commerce application provides user more alternatives and quicker delivery of products.
√ E-Commerce application provides user more alternatives to compare and select the cheaper and better choice.
√ A customer can put review comments around an item and can see what others are purchasing or see the review comments of other customers before making a last purchase.
√ E-Commerce provides alternative of virtual barters.
√ Readily available data. A customer can see the relevant detailed data inside seconds rather than sitting tight for a considerable length of time or weeks.
√ E-Commerce increases competition among the associations and as result associations provides significant rebates to customers.
Vendbd, the online shopping site in bangladesh, provides all the necessary to their customers to gain full satisfaction
Advantages to Society
√ Customers need not to travel to shop an item in this way less movement on street and low air contamination.
√ E-Commerce helps reducing expense of products so less affluent people can likewise manage the cost of the products.
√ E-Commerce has enabled access to services and products to rustic areas too which are otherwise not available to them.
√ E-Commerce helps government to deliver open services like health care, education, social services at reduced expense and in improved way.
With E-commerce platform in Bangladesh, it has become easier to get hold of the latest fashion. Vendbd is one such site for online shopping in bd that provides trendy and latest products to their customers.